Michelin Development in the UK offers the following support to small and medium sized enterprises up to 250 employees (SMEs) based in North Staffordshire.
Successful applicants can receive access to finance:
- Unsecured loans from £5,000 through Michelin's associate bank at a subsidised interest rate
- Repayment period up to 7 years
As the funding is private, it can normally be used to 'gear up' public and other forms of loan funding.
A Michelin Development loan can be used to link business growth through job creation, automation/digitalisation, carbon footprint reduction or renewable and recycled materials.
Funding should support business growth or reduce environmental impact.
This could include purchase of capital equipment, process improvement, working capital and marketing .
The Michelin Development fund is promoted via traditional and online media. Businesses that are successful in applying for Michelin Development support could be given the opportunity to get involved with press releases, case studies and other PR activities, providing valuable publicity to you and your business.
Who can apply:-
- Businesses in North Staffordshire
- Businesses employing less than 250 people
- Businesses in manufacturing, engineering or services sector (business to business)
